FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek: Report

FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek: Report
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FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek: Report

FTX US has raised $400 million from investors including SoftBank and Temasek, giving the cryptocurrency exchange a valuation of $8 billion, according to a Reuters report Wednesday.

  • Crypto investment firms Paradigm and Multicoin Capital also participated in the funding.
  • FTX US intends to use the funds to launch new business lines and explore strategic investments and acquisitions.
  • The exchange acquired futures exchange LedgerX in October as a means of entering the futures and options trading market in the US.

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